$AAPL sees trend continuation in “Go” trend

$AAPL sees trend continuation in “Go” trend


March 2023


Alex Cole

After moving mostly sideways since the beginning of February, $AAPL seems to have cleared resistance.

As price struggled to move higher in late February and early March, we saw GoNoGo Oscillator ride the zero line as directional momentum decreased.  This caused a Max GoNoGo Squeeze. When price ran up against resistance again in mid March, GoNoGo Oscillator broke out of the GoNoGo Squeeze into positive territory and this resurgent momentum allowed price to climb above the horizontal resistance.  After setting a new high, GoNoGo Oscillator has fallen to and found support again at the zero line and we see a Go Trend Continuation Icon (green circle) under the price bar indicating that with momentum in the direction of the "Go" trend we could see price attempt a new higher high.